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Block 5490403 of Ethereum

Publish: 2021-04-20 18:31:07
1.

a brief history of etheric Classics (etc)

etheric classics began with an unfortunate event

in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem

basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met

despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations

the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million

there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13

after the Dao hacking, the Ethereum community has to choose from three options

< UL >
  • do nothing and try to bear the consequences of the attack

  • start soft bifurcation to recover funds

  • deploy a hard fork to recover the lost eth

  • both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions

    as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks

    although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable

    the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain

    those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain

    what problems does ethereal classic solve

    Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps

    although this function is the same as Ethereum (ETH), etc blockchain has two main differences

    first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"

    secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply

    as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks

    the trading platforms recommended by ethereal classic etc are: Fire coin, okex, AAX, etc

    2.

    what is Ethereum:

    Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. Blockchain technology is one of them
    Ethereum platform can safely run any program users want

    advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum

    what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application

    The design of Ethereum is very flexible and adaptable

    Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields

    blockchain applications of Ethereum

    Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc

    Ethereum has achieved more than 100 blockchain applications by many start-ups

    Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged

    the relationship between Ethereum and blockchain:

    Ethereum is a programmable blockchain

    Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes

    in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency

    like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"

    3. Ethereum blockchain has exposed three major problems, and its founder vitalik buterin has been unable to interpret them for a long time. The first is the low performance and TPS of Ethereum blockchain as a whole; The second is that resources are not isolated. The event of cryptokitties virtual cat once occupied 20% of the traffic of the whole Ethereum, which directly caused Ethereum network users unable to carry out timely transactions, which is the biggest pain point of resources not isolated; The third problem lies in the embodiment of Ethereum's governance structure. As a decentralized distributed ledger, the founder team of Ethereum has dominated its network development in the past. The over centralized governance mode has led to the bifurcation of eth, etc and ETF in Ethereum, and the Ethereum community is now in a state of fragmented governance. In the view of Ma Haobo, founder and CEO of "aelf", all kinds of disadvantages of Ethereum are unacceptable. Therefore, the positioning of "aelf" is born for the next generation of decentralized underlying computing platform of Ethereum, which focuses on solving the problems of insufficient performance, non isolation of resources and governance structure of Ethereum.
    4.

    Blockchain 1.0 era usually refers to the development stage of blockchain application represented by bitcoin from 2009 to 2014. They are mainly committed to solving the problem of decentralization of currency and means of payment; After 2014, developers pay more and more attention to solve the technical and scalability problems of bitcoin. At the end of 2013, vitalik buterin released Ethereum white paper "Ethereum: next generation smart contract and decentralized application platform", which introced smart contract into blockchain and opened the application of blockchain outside the currency field, thus opening the era of blockchain 2.0< The so-called smart contract is actually a kind of computer contract that can be automatically executed based on prescribed trigger rules. It can also be regarded as a digital version of traditional contract. It was proposed by interdisciplinary legal scholar and cryptography researcher Nick Szabo more than 20 years ago. This technology was once not used in the actual instry because of the lack of programmable digital system and related technologies, until the emergence of blockchain technology and Ethereum provided a trusted execution environment for it

    compared with bitcoin, Ethereum is a complete scripting language of Turing, which supports developers to create and publish arbitrary decentralized applications on the platform. Since its birth, there have been more than 200 decentralized applications based on Ethereum in the world

    the chief researcher of bitwindow blockchain said: in the era of blockchain 2.0 represented by Ethereum, blockchain technology has graally expanded from the field of currency and payment to the field of finance. With the development of technology and the wider application of blockchain, the era of blockchain 3.0 beyond the monetary and financial fields will be around the corner. This article is excerpted from bitwindow. China's professional blockchain and digital currency instry analyzes the media, and adheres to a neutral, objective and dialectical attitude to understand and interpret the latest trends of blockchain and digital currency

    5.

    At present, the mining mode can be roughly divided into PPLNs, PPS and PPS +. However, if you want to get a stable income from mining, it is recommended to choose the mining software of PPS mode

    when miners are mining, if you want to know how many etheric coins you get, you can use ha Yu miner to see clearly the daily mining income

    Harbin miners showed a unified display of revenue for BTC, easy to see, and support for cash withdrawals to Alipay wallet and bitcoin wallet. p>

    6. Just focus:
    you can't retrieve your assets through Ethereum block query
    think too much
    if you want to check the real estate,

    you can go to the real estate transaction registration center.
    7. Ethereum browser's website is etherscan.io, you can query Ethereum related details. At present, the exchanges that can trade Ethereum mainly include: coin an, fire coin, bitnet, etc.
    8. < blockquote >

    in today's mobile payment era, few people will use coins for payment . A lot of people, they think that mobile payment is more convenient, if you carry RMB, it will be very troublesome, so now less and less people use paper money to pay. In fact, the process of making paper money is also very complicated. The materials used to make coins are different metals. Compared with those rare metals, low-cost metals are more suitable for making coins

    < / blockquote >

    and those rare metals, such as gold or silver, are suitable for making commemorative coins with collection value . In many countries, some of their currencies are made of alloy, because it is a very ideal material for coinage, and the hardness is improved by mixing with other metals. At the beginning of making coins, we should choose the materials and put the selected metals in the furnace for casting and melting. After many times of rolling in the rolling workshop, the thickness of the coin can meet the requirements of coins, and it can be made into semi-finished procts for further processing{ RRRRR}

    with the progress of science and technology, now many mold making machines have become engraving machines for casting to replace the previous manual process . It can improve the accuracy to a certain extent. It used to take a whole day to manufacture, but now it can complete the remanufacturing of the mold within a few hours. After that, it can be pressed on the coin, and the coin will become the currency in circulation

    9. Ethereum is also a proct of blockchain 2.0, which is an open intelligent contract complete solution. Bitcoin is the most important application of blockchain 1.0, which completes currency and payment transactions well. But when we need to record and transfer more complex asset types, we need the third step - a more powerful scripting system - to finally achieve Turing completeness (the ability to run any currency, protocol or blockchain). Ethereum is a blockchain based project, which aims to provide a Turing complete scripting language and Turing complete platform

    blockchain 1.0 mainly refers to bitcoin. Blockchain 2.0 extends to all assets, while blockchain 3.0 goes beyond currency, finance, even commerce, and all areas of our lives, including politics, social relations, ecation, medical care, etc. According to the prediction and conception of people in the instry, the era of blockchain 3.0 will be realized in the next five years. At that time, blockchain will be recognized and accepted by all the public like the Internet, thus completely subverting our lives

    McKinsey has submitted a technical report on blockchain to the Federal Insurance Advisory Committee of the United States. The report calls 2009-2016 the "Dark Age" and believes that all blockchain solutions ring this period are based on bitcoin, and the new era of blockchain will begin in 2016. At that time, the application of blockchain will become unprecedented. Applying an original sentence in McKinsey report: Based on the current development speed of blockchain, we believe that blockchain solutions may realize their full potential in the next five years.
    10. Ethernet information blockchain, English Name: Ethernet moeher information, referred to as "eth. M", is committed to the development and construction of big data intelligent blockchain ecology based on the mature blockchain technology of smart contract Ethereum. Every business data will be realized as an intelligent contract, which can realize the existence and ownership of data, And it can trade independently of any specific content platform. This will help rece the dependence of business data providers on their platforms to ensure revenue from their markets and, in turn, on advertisers. Eth. M will be deployed as ERC 20 standard token on eth blockchain. Eth. M will also be used to create and motivate an intelligent business ecosystem to help create, manage data providers and redeem eth. M participants, as well as for digital asset allocation, certificate of ownership and asset transfer
    eth. M is characterized by providing a complete intelligent business blockchain architecture for enterprise users and government partners on the Bi platform, providing users with a perfect data import scheme and a variety of classic distributed computing models, which can more quickly solve users' massive data computing problems and effectively rece enterprise costs, And create a new business model on the basis of data security. Blockchain is a new field that needs to be combined with market demand. We can solve some pain points in the instry in data storage security, data retrieval and data filtering. For blockchain framework, business model and technology, we focus on building mature blockchain procts with the most appropriate and proven technology
    blockchain, originally just a settlement system of bitcoin, is essentially a decentralized accounting scheme based on cryptography. The technology used by blockchain itself is not a new concept, but a collection of cryptography technologies. Through ingenious design, it realizes the demand of decentralized settlement. However, it is accompanied by some derivative problems. Users are used to transferring and sharing information in the distributed storage space, namely Internet. However, if we want to complete the transfer of money value, we are used to using centralized and trusted third-party transaction intermediaries, such as banks. Although online payment is becoming more and more popular, bank card and password are still needed to register online payment account. The use of blockchain transactions is decentralized and does not require a third-party intermediary. Blockchain realizes the following three important functions: recording transaction information, verifying identity and establishing contract. It's going to be a big change. Because around the world, financial services are the largest sector in terms of market value. Even if it replaces a small part of business, blockchain can have a huge impact on the traditional financial field. At the same time, eth. M blockchain will also improve the efficiency of data management in the whole field. The function of establishing contracts will make the value of blockchain not limited to the financial field. This is the core of eth. M. blockchain can be used to store any information, even software code. That is to say, it can be realized by programming. When the relevant parties provide the relevant key, the transaction can be executed. The same program can also be used to obtain external data: stock index data, weather, news headlines or other data that can be analyzed by computer. In this way, the pre verified contract can be executed automatically when the specified conditions are met. Contracts executed on the blockchain are called "smart contracts"
    in the future, eth. M's smart contract application scenarios are very wide, for example:
    1. In the field of electric power, if the smart temperature regulator is used to collect the power utilization status of the smart grid in real time, when the wattage consumed by a certain company is monitored to reach a certain amount, the company account and the electric power company's transfer will be completed, and the automatic payment will be realized
    2. In the medical field, if a doctor / patient stores the data of blood glucose meter in the form of blockchain, then the patient's physical sign data can be completely and accurately recorded. Blood glucose data can trigger insulin controller to help patients control blood glucose in a safe range
    3. In the field of intellectual property supervision, blockchain can be used to monitor the number of times users use, share and a protected proct.
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